Market Data
January 31, 2025
Written by Stephanie Ritenbaugh
After three months of decline, the Chicago Business Barometer increased 2.6 points to 39.5 in January.
Despite the gain, the index remains below both the levels of November 2024 and the 2024 average.
The latest tally of active drilling rigs increased in Canada while slightly easing in the US this week, according to oil and gas rig count data published by Baker Hughes.
SMU’s Current Steel Buyers’ Sentiment Index fell this week, while Future Sentiment remained flat, according to our latest market survey.
The results of the latest Steel Market Update (SMU) flat-rolled market survey are now available on our website to all premium members.
The Chicago Business Barometer rebounded in September, returning to expansion after slipping into contraction in August.
Steel mill lead times continued to expand for sheet and plate products this week, according to buyers responding to our latest market survey.